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Mr. Greenspan did not attack the specifics of Mr. Bush's $674 billion tax-cutting package, but he cast doubt on the need for a stimulus proposal in the first place.
The market also got a boost from a stimulus proposal from Senate Republicans that includes corporate tax cuts and cheap fixed-rate mortgages for home buyers.
A stimulus proposal from the incoming president and the growing likelihood of aid for the automotive industry gave U.S. stocks a leg up Monday, and the rally accelerated into afternoon trading.
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Germany remained dead against a war; France stood somewhere glorious in between.See article: Europe's old anti-AmericanismMildly stimulatingGeorge Bush confessed that America's economy was not growing quickly enough, but his state-of-the-union speech offered only a $674 billion stimulus proposal to put things right.
That, as we have already said, is a worthy subject for a tax reform seminar, but not for an economic stimulus proposal.
He has often steered the conversation on policy, and was the first candidate to outline a universal health care plan and an economic stimulus proposal.
Wall Street built on its gains in the final hour of trading, as investors salivated over a sweeping government stimulus proposal, looked toward a helping hand for Detroit's automakers and brushed aside the bankruptcy of a newspaper industry stalwart.
Returning to his populist economic platform -- especially salient as Americans ponder a recession -- he reminded voters that he was the only candidate to outline a comprehensive plan to end poverty, and the first to introduce a national economic stimulus proposal.
House Republicans have been caustic in criticizing an initial Democratic stimulus proposal and intend to submit their own ideas.
"In his 2009 stimulus proposal, President Obama proposed approximately $20 billion for school construction, but the Democrat-controlled Senate rejected the proposed funding".
When the Republican minority needed an alternative to the Obama administration's sweeping stimulus proposal, for instance, a number of free-market economists were ready with an answer: a payroll tax cut.
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